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FIRS further extends filing deadline for annual tax returns

The Federal Inland Revenue Service (FIRS) has again extended the deadline for filing of annual income tax returns and other regular monthly obligations that would become due at the end of July 2020. A public notice signed by the Agency’s Executive Chairman, Muhammad Nami, stated that the management of the Service would continue to identify… Continue Reading →

Stamp duty on rent is not 6% flat rate – FIRS clarifies

The Federal Inland Revenue Service (FIRS) has issued a clarification on the applicable rates for stamp duty on rent/lease agreements. The Service clarifies that the stamp duty rate on rent agreement is graduated depending on the number of years in the agreement, and not at a flat rate of 6% as widely circulated in the… Continue Reading →

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